Online music shop CDNow Inc., which plans to merge with music continuity marketer Columbia House, has named Scott Flanders chairman/CEO of the combined company. Flanders was previously chairman/CEO of Telestreet.com Inc., an online vendor of wireless products and services, and president of Macmillan Publishing USA, the computer and reference publisher.
Deutsche Post AG, Europe’s largest postal service, has reportedly bought a 1.25% stake in California-based E-Stamp Corp., joining Microsoft Corp. and AT&T Corp. as investors in the Internet postage company. Deutsche Post said it wants to offer electronic stamping in Germany starting next year as it tries to cut costs.
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